"many of the lowest-paid people in society—for example, short-order cooks—also have relatively poor working conditions. hence, the notion of compensating wage differentials is disproved." do you agree? explain.

No, the wage is low for occupations with poor working conditions because the supply of unskilled workers is high relative to the demand for them.

Explanation:

A compensatory difference also known as a compensatory differential or an equal difference is defined as the additional amount of income to be offered to a specific employee in order to motivate them to accept a certain undesirable job compared to other jobs that the employee might perform.

When unqualified workers ' supplies are high compared with their production, their wages are low. In that case it is the disproportionate supply of low-wage workers who are compromised by the principle of compensating salary differentials.

answer; swot analysis;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.